Ameriprise Financial, Inc. $AMP Stock Holdings Increased by California State Teachers Retirement System

California State Teachers Retirement System increased its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,314 shares of the financial services provider's stock after acquiring an additional 4,546 shares during the period. California State Teachers Retirement System owned about 0.15% of Ameriprise Financial worth $63,911,691 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Ameriprise Financial during the fourth quarter valued at about $742,438,000. Dimensional Fund Advisors LP increased its position in Ameriprise Financial by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,024,758 shares of the financial services provider's stock valued at $455,387,000 after buying an additional 19,731 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Ameriprise Financial by 18.7% in the 1st quarter. First Trust Advisors LP now owns 983,096 shares of the financial services provider's stock worth $436,888,000 after purchasing an additional 154,659 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ameriprise Financial by 2.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 817,247 shares of the financial services provider's stock worth $374,920,000 after acquiring an additional 22,819 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Ameriprise Financial in the second quarter worth about $320,948,000. 83.95% of the stock is currently owned by institutional investors.

Ameriprise Financial Trading Down 0.2%

AMP traded down $1.12 during trading on Tuesday, reaching $557.41. The company had a trading volume of 227,482 shares, compared to its average volume of 636,541. Ameriprise Financial, Inc. has a 52 week low of $422.37 and a 52 week high of $572.56. The business has a 50 day simple moving average of $545.64 and a 200-day simple moving average of $488.72. The stock has a market cap of $50.11 billion, a P/E ratio of 13.44, a PEG ratio of 1.00 and a beta of 1.14. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.99.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $11.07 earnings per share for the quarter, topping the consensus estimate of $10.81 by $0.26. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.87 billion. Ameriprise Financial had a return on equity of 64.19% and a net margin of 20.24%.The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $9.11 earnings per share. On average, equities analysts anticipate that Ameriprise Financial, Inc. will post 46.27 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Monday, August 3rd were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 3rd. Ameriprise Financial's dividend payout ratio is 16.40%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Piper Sandler upped their price objective on Ameriprise Financial from $471.00 to $518.00 and gave the company a "neutral" rating in a research note on Monday, July 13th. Keefe, Bruyette & Woods upped their price objective on shares of Ameriprise Financial from $515.00 to $545.00 and gave the company a "market perform" rating in a research report on Friday, July 24th. Zacks Research raised Ameriprise Financial from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Ameriprise Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, September 3rd. Finally, Jefferies Financial Group lifted their target price on Ameriprise Financial from $636.00 to $645.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $555.33.

Insider Buying and Selling

In other Ameriprise Financial news, EVP Deirdre Mcgraw sold 2,400 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $558.28, for a total transaction of $1,339,872.00. Following the transaction, the executive vice president owned 3,373 shares of the company's stock, valued at $1,883,078.44. The trade was a 41.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William Williams sold 8,210 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $539.35, for a total transaction of $4,428,063.50. Following the transaction, the insider owned 6,780 shares in the company, valued at $3,656,793. The trade was a 54.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,988 shares of company stock valued at $16,316,497 in the last three months. 0.60% of the stock is currently owned by company insiders.

About Ameriprise Financial

Ameriprise Financial, Inc NYSE: AMP is a diversified financial services company that provides financial planning, investment advice, wealth management and retirement solutions to individuals and institutions. Its offerings include brokerage and advisory accounts, managed investment portfolios, banking services, annuities, life insurance and other protection products.

The company serves clients primarily in the United States through its network of financial advisors and branded businesses, including Ameriprise Financial and RiverSource.

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